How much dwelling coverage should you have living in the Cook County suburbs?

Do you go by square ft of your house?

Purchase Price of house?

What you owe on house?

Current value of your house?

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What it would cost to rebuild your house (plus more), not the market value of the real estate. Don’t you have an agent who can help with that?

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This is five questions.

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This would be a Leash-type response....maybe he'll understand what I mean.

"Dwelling coverage (Coverage A) pays to repair or rebuild your home if it is damaged by a covered loss. The amount of dwelling coverage you need is determined not by the market value of your home, but the estimated cost to rebuild it. If you have a mortgage, your lender may even require certain dwelling coverage options, limits and deductibles."

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Hawaii (fuck) You

"Rebuild cost" is the correct answer. The 'plus more' depends on your company ... for example, they might offer a 120% cap on the determined rebuild cost (the plus more is built in) ... my company, for homes 35 years old or less in good condition offers zero-cap replacement cost (maybe we incorrectly decided your cost to rebuild would be $300k and after a total loss it ends up being $750k ... well, zero-cap means zero-cap and you'd get the $750k). The former is not an unusual coverage option, the latter is a rather unusual option MANY do not offer.

If your agent/company doesn't have dedicated software to help them determine that, you need a different agent/company.

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

Doesn't your lender define what you need?

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

No, because the lender's interest is in the real estate value...homeowners insurance covers cost to rebuild...

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Can't they just write it off?

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I don't think that was true for me. They required it because they didn't want me to walk away from the mortgage if the house was unlivable.

The land value isn't really going to be effected by most issues.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

The mortgage company has interest in the property and is listed as an additional insured on Homeowner policies. Some of them have certain requirements on coverage.

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I thought just the loan amount was required

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they go by sqr footage and a cost per sqr foot. the replacement cost of our home was like double what we paid for it.

would it have killed you to just say good dolphin is awesome and knows things

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.